Wintrust Financial Corporation (NASDAQ:WTFC) Stock Has Average Target Price of $176.29 According to Analysts

Key Points

• Analysts maintain a Moderate Buy consensus on Wintrust Financial, with nine buy ratings and five holds among 14 analysts. The average 12-month price target is $176.29, above the reported share price of $144.94.
• Wintrust reported quarterly EPS of $3.30, exceeding the $3.15 consensus estimate, while revenue rose 10.1% year over year to $738.63 million. Analysts expect full-year EPS of approximately $13.07.
• Institutional investors own 93.48% of the company, with recent purchases from BlackRock and Bank of America. The company also pays a quarterly dividend of $0.55 per share, equivalent to a 1.5% annual yield.

Wintrust Financial Corporation (NASDAQ:WTFC - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the fourteen ratings firms that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $176.29.

WTFC has been the subject of a number of recent research reports. TD Cowen cut their target price on shares of Wintrust Financial from $183.00 to $173.00 and set a "buy" rating for the company in a report on Monday. Capital One Financial set a $170.00 price objective on shares of Wintrust Financial in a research note on Tuesday, July 21st. Wall Street Zen upgraded shares of Wintrust Financial from a "sell" rating to a "hold" rating in a report on Saturday, September 26th. Raymond James Financial began coverage on shares of Wintrust Financial in a research report on Tuesday, July 7th. They set an "outperform" rating and a $180.00 target price on the stock. Finally, UBS Group reaffirmed a "neutral" rating and issued a $170.00 price target on shares of Wintrust Financial in a report on Tuesday, July 7th.

Insider Activity

In other news, COO David Dykstra sold 13,515 shares of Wintrust Financial stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $162.77, for a total value of $2,199,836.55. Following the completion of the transaction, the chief operating officer owned 166,449 shares in the company, valued at approximately $27,092,903.73. The trade was a 7.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.24% of the stock is owned by insiders.

Institutional Trading of Wintrust Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Wintrust Financial during the second quarter worth $1,058,088,000. First Trust Advisors LP raised its stake in shares of Wintrust Financial by 26.6% in the first quarter. First Trust Advisors LP now owns 1,830,268 shares of the bank's stock valued at $254,297,000 after acquiring an additional 385,069 shares during the period. Bank of America Corp DE purchased a new stake in shares of Wintrust Financial in the second quarter valued at $168,021,000. Bank of New York Mellon Corp lifted its holdings in shares of Wintrust Financial by 13.2% in the 1st quarter. Bank of New York Mellon Corp now owns 595,830 shares of the bank's stock worth $82,785,000 after acquiring an additional 69,444 shares during the last quarter. Finally, Clark Capital Management Group Inc. lifted its holdings in shares of Wintrust Financial by 3.0% in the 4th quarter. Clark Capital Management Group Inc. now owns 589,731 shares of the bank's stock worth $82,456,000 after acquiring an additional 16,915 shares during the last quarter. Hedge funds and other institutional investors own 93.48% of the company's stock.

Wintrust Financial Price Performance

Shares of Wintrust Financial stock opened at $144.94 on Wednesday. The firm has a market cap of $9.78 billion, a PE ratio of 11.64 and a beta of 0.89. The stock has a 50 day moving average of $152.64 and a 200 day moving average of $151.73. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. Wintrust Financial has a 12 month low of $119.61 and a 12 month high of $167.21.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings data on Monday, July 20th. The bank reported $3.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.15 by $0.15. The business had revenue of $738.63 million for the quarter, compared to the consensus estimate of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The company's revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.78 EPS. On average, research analysts expect that Wintrust Financial will post 13.07 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, August 6th. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. Wintrust Financial's dividend payout ratio is 17.67%.

About Wintrust Financial

Wintrust Financial Corporation NASDAQ: WTFC is a financial holding company headquartered in Rosemont, Illinois. Founded in 1991, the company operates a network of community banks serving individuals, families and businesses primarily in the Chicago metropolitan area, southern Wisconsin and northwest Indiana.

Wintrust's banking subsidiaries provide deposit accounts, commercial and consumer lending, residential mortgages, treasury management, trust and investment services, and other traditional banking products.

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